Industry split over global markets

Attitudes to big geographical equity divisions are starkly mixed, with some fund managers favouring Europe and Asia, while others fear these are exactly the areas heading for problems. The big global concern - the US - has pulled back some gains in the pharmaceutical and industrial sectors but, in contrast, technology has been disappointing. Ken Cox, fund manager at Templeton, feels Europe is offering the most value at the moment out of all the mainstream markets. Cox says: "In Europe, we favour paper and pulp stocks. This is because there has been an increase in demand for these ty...